What is Twid?
Twid operates within the burgeoning fintech and loyalty program sectors, developing a fungible payment instrument that allows consumers to utilize accumulated reward points across a wide network of affiliated merchants and brands. This innovative approach aims to unlock the latent value in dormant loyalty points, providing a more flexible and universally accepted form of currency for everyday transactions. The company's strategy is centered on building a robust ecosystem that benefits both consumers and businesses by enhancing customer engagement and providing a novel payment solution.
How much funding has Twid raised?
Twid has raised a total of $14.5M across 2 funding rounds:
Unspecified
$2.5M
Series A
$12M
Unspecified (2021): $2.5M with participation from BEENEXT, Surge, and Kunal Shah
Series A (2022): $12M led by Surge, Rakuten, Inc (Venture Capital, Beenext, and Google
Key Investors in Twid
Surge
Surge is an accelerator program focused on supporting founders in the India and Southeast Asian markets, providing capital, community, and company-building support for early-stage companies.
Rakuten, Inc (Venture Capital
Rakuten Capital is the corporate venture capital arm of Rakuten Group, investing in transformative products and technologies globally, with a focus on FinTech, healthcare, and e-commerce.
Beenext
BEENEXT is a founder-first venture capital firm that supports innovative entrepreneurs across various sectors, including fintech and enterprise SaaS, with a global community and a focus on long-lasting impact.
What's next for Twid?
With the recent major strategic investment and a history of significant capital backing, Twid is poised for accelerated growth and market expansion. The enterprise-level funding suggests a focus on scaling operations, enhancing its technological infrastructure, and broadening its merchant network. This strategic financing is likely to empower Twid to further solidify its position as a leader in the rewards point monetization space, potentially exploring new product verticals or geographical markets. The company's trajectory indicates a strong emphasis on building a comprehensive and integrated payment ecosystem.
See full Twid company page
